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Indian-origin Rishi Sunak becomes UK’s new prime minister

06:52 PM | 24 Oct, 2022
Indian-origin Rishi Sunak becomes UK’s new prime minister
Source: Instagram

LONDON – Rishi Sunak has been confirmed as the next prime minister of Britain as other contender, Penny Mordaunt, was dropped out of the race for the post after she failed to secure the required votes to contest Conservative Party’s internal election.

Sunak, who is as Indian-origin, will be the first Hindu and the first person of color to become Britain’s premier. The 42-year-old is also the youngest person to take the office in more than 200 years of British history.

He is the third prime minister in seven months after Liz Truss and Boris Johnson who stepped down amid worsening economic situation in the country.

With assuming the charge, Sunak has to take up a challenging task of steering the economically floundering nation.

Sunak has managed to secure the support of 142 members of the parliament - far above the 100-mark required to win the top office.

"I want to fix our economy, unite our party and deliver for our country," the Indian-origin former chancellor had said in a short statement.

Sunak was first elected as an MP in 2015 and during his tenure he supported the Brexit in 2016 referendum.

He served as a junior minister in Theresa May’s government before getting a major role during the Boris Johnson tenure when he first appointed him as the Chief Secretary to the Treasury in 2019, and as the Chancellor in 2020.

Sunak shot to fame after he rolled out a support plan for people during the early weeks of coronavirus pandemic lockdown.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on June 2, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on June 2, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 299 302
Euro EUR 321 325
UK Pound Sterling GBP 375.5 380
U.A.E Dirham AED 80 81
Saudi Riyal SAR 79 79
Australian Dollar AUD 198 200
Bahrain Dinar BHD 758.25 766.25
Canadian Dollar CAD 226 228
China Yuan CNY 40.26 40.66
Danish Krone DKK 41.04 41.44
Hong Kong Dollar HKD 36.39 36.74
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.25 2.45
Kuwaiti Dinar KWD 927.17 936.17
Malaysian Ringgit MYR 61.94 62.54
New Zealand Dollar NZD 172.79 174.79
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 740.96 748.96
Qatari Riyal ‎QAR 78.37 79.07
Singapore Dollar SGD 220 222
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 315.04 317.54
Thai Bhat THB 8.21 8.36

Today's gold rates in Pakistan – June 2, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,000 on Friday. The price of 10 grams of 24k gold was recorded at Rs197,190.   

Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 230,000 PKR 2125
Karachi PKR 230,000 PKR 2125
Islamabad PKR 230,000 PKR 2125
Peshawar PKR 230,000 PKR 2125
Quetta PKR 230,000 PKR 2125
Sialkot PKR 230,000 PKR 2125
Attock PKR 230,000 PKR 2125
Gujranwala PKR 230,000 PKR 2125
Jehlum PKR 230,000 PKR 2125
Multan PKR 230,000 PKR 2125
Bahawalpur PKR 230,000 PKR 2125
Gujrat PKR 230,000 PKR 2125
Nawabshah PKR 230,000 PKR 2125
Chakwal PKR 230,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125

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